Space and communication sectors have witnessed numerous developments in the past years and have been catering to the rising market demand for satellite communication.
Satellites play a crucial role in the current digital era, and most industries depend on satellite technology for various applications, from agriculture to banking to transportation.
Several key players such as SpaceX and Amazon are focusing their efforts to establish satellite communication constellations which is one of the factors contributing to the growing global sky-based communication market.Read Report Overview at: https://bisresearch.com/industry-report/sky-based-communication-market.htmlApart from satellites, UAVs and high-altitude platform stations (HAPS) such as airships and balloons are also being adopted for communication purposes.
UAVs are majorly employed for applications such as inspections, surveillance, monitoring, and logistics, such as last-mile deliveries of parcels and medicines for remote or rural areas with less population density.
Some of the drone manufacturers, cellular network providers, among others, and telecom equipment providers such as EHang, Terra Drones, DJI, Verizon, AT Inc., Vodafone Group, Ericsson, Nokia, and Qualcomm, among others are testing and developing their drones, mobile networks, and chipsets for cellular-connected drones, respectively.
Some of these factors include the increasing number of satellite launches for communication, adoption of new technologies like IoT and AI in satellite communication, and competitive advantage of HAPS over conventional satellite and terrestrial-based systems.Transportation and logistics is a prominent end user to utilize sky-based communication services for autonomous, connected cars, commercial vehicles, fleet management, supply chain management, and resource management.